Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Down 91.7% in July

Erste Group Bank AG (OTCMKTS:EBKDYGet Free Report) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 826 shares, a drop of 91.7% from the June 30th total of 9,998 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 118,266 shares, the days-to-cover ratio is presently 0.0 days.

Erste Group Bank Stock Up 1.9%

OTCMKTS EBKDY traded up $1.23 during midday trading on Friday, hitting $65.44. The company had a trading volume of 27,986 shares, compared to its average volume of 53,844. The stock has a market cap of $50.83 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 0.65 and a beta of 0.84. The firm has a fifty day simple moving average of $63.04 and a two-hundred day simple moving average of $60.50. Erste Group Bank has a fifty-two week low of $45.19 and a fifty-two week high of $68.28.

Erste Group Bank (OTCMKTS:EBKDYGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.05). Erste Group Bank had a return on equity of 10.96% and a net margin of 19.27%.The company had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.53 billion. As a group, equities analysts predict that Erste Group Bank will post 5.85 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. The Goldman Sachs Group raised Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, July 8th. Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a research report on Monday, July 20th. Finally, Zacks Research lowered Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Erste Group Bank has an average rating of “Moderate Buy”.

Read Our Latest Research Report on Erste Group Bank

About Erste Group Bank

(Get Free Report)

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.

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